How local accounting firm cut time & costs spent on Accounts Payable by 85% expensemanager brings seamless integration with Xero to enhance functionality and Automate AP
Sharon Nouh, CEO & Founder, expensemanager As the founder of expensemanager, Sharon is a determined innovator, strategist, and self-starter, one who revels in big ideas that can be executed. She strives to challenge the status quo by continuing to build a great software company like expensemanager. She loves satisfying her clients through innovation that makes day to day life easier - like expensemanager’s seamless integration into Xero to automate those tedious manual Accounts Payable processes.
Read how expensemanager together with Xero resolves numerous pain points for local Australian Accounting Firm, Breakthrough Accounting. This article is
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bout Breakthrough Accounting
Breakthrough Accounting is a bespoke accounting firm on the Central Coast specialising in Not-for-Profit accounting, business accounting and virtual CFO services. When Breakthrough Accounting suffered multiple pain points within their AP processes, fortunately Zac and the team discovered expensemanager, Australia’s leading spend management platform, which seamlessly integrated to their existing Xero system to completely revolutionise their entire accounts payable (AP) process.
find themselves shuffling through paperwork to complete a simple task such as approving invoices for payments. When dealing with the issue of holding and storing this paperwork, this trickled into other issues including risk & security management and no digital copies of invoices. • Human/Administration errors were another significant risk for Breakthrough Accounting. Staff would spend hours completing
• Manual paper processes played a significant role in the pain points at Breakthrough Accounting, where staff would
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Resolving the Pain Points By removing paper processes, Breakthrough Accounting has seen an immediate change in their day-to-day processes for both their staff and clients. “By making our processes paperfree removed the risk of any lost documents plus no more paper shuffling. This allows us to boost our professionalism whilst increasing our productivity and allowing us to actually focus on our core roles” says Zac.
The Pain Points Unfortunately, Breakthrough Accounting previously suffered multiple ‘Pain Points’ that resulted in excessive time and resource constraints, hindering their next layer of success when it came to internal AP processes.
systems were tried and tested to manage Breakthrough Accounting’s expenditure. Not only were the total cost of these systems excessive, they increased the risk of errors and administration tasks.
Administration work. With any human process comes the potential for errors, which would result in additional time spent on tasks to minimise risk of error. • Unintegrated software
Implementing AP automation allowed Breakthrough Accounting to shift all their AP processes online. With the power of automation and enhanced features such as OCR, the team could automatically scan invoice data and supplier payment requests would be automatically created. Furthermore, features
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